Wine lovers in the United States may find themselves paying more for their favorite bottles this Thanksgiving.
According to the latest government data, bottled wine prices have increased by 8% over the past decade. Several factors are contributing to this rise, including inflation and escalating production costs.
However, the situation has been further complicated by President Trump’s tariffs, which include a 15% tariff on European Union imports.
Despite the efforts of many wine importers to minimize the impact on customers, the added costs due to tariffs are affecting the market.
Wine volumes consumed in the US have declined over the past several years, leading to smaller orders for imported wine, which might result in limited availability on store shelves.
Dining and Cooking